Project Management And Agility

It’s really not surprising that everyone wants to be associated with a concept called agile. In today’s cut throat world we all want to be perceived as quick, nimble and open to every possibility to drive the business forward.

Agile techniques are often aligned with lean and six sigma methodologies, commonly used in manufacturing to hone production processes by eliminating waste and making continuous, small improvements.

In Lean Principles, by Jerry Kilpatrick, Lean methodology is defined as “A systematic approach to identifying and eliminating waste through continuous improvement, flowing the product at the pull of the customer in pursuit of perfection“.

According to Wikipedia Six Sigma is a set of techniques and tools for process improvement. It seeks to improve the quality output of process by identifying and removing the causes of defects (errors) and minimizing variability in manufacturing and business processes. It uses a set of quality management methods, mainly empirical, statistical methods, and creates an infrastructure of people within the organization (“Champions”, “Black Belts”, “Green Belts”, “Yellow Belts”, etc.) who are experts in these methods.

Each Six Sigma project carried out within an organization follows a defined sequence of steps and has expertized value targets, for example: reduce process cycle time, reduce pollution, reduce costs, increase customer satisfaction, and increase profits. Continue reading Project Management And Agility

BALANCE SHEET Of LIFE

        🔺Birth is your
          Opening Stock.
                 
🔺What comes to you
                   is
                Credit.
                 
🔺What goes from you
                   is
               Debit.

       🔺Death is your
         Closing Stock.

🔺Your ideas are your
               Assets.

🔺Your bad habits are 
         your Liabilities.

🔺Your happiness is
                your
               Profit.

🔺Your sorrow is your
                Loss.

   🔺Your soul is your
               Goodwill.

  🔺Your heart is your
                fixed
               Assets

🔺Your character is
            your
          Capital.

🔺Your knowledge is
             your
        Investment

🔺   Your age is your
          Depreciation.
         
          And finally :
ALWAYS REMEMBER, God Almighty IS YOUR AUDITOR.

Have a perfect  Balance Sheet for  2016

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Mastering The Sports Of Global Business

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As any business leader can tell you, it’s not always easy to have a smooth, productive business interaction with people from other cultures and there are invariably different customs and expectations to be aware of. In a tough business environment, then, how can we learn to compete and win on the world stage?   One key, I’ve found, is to draw inspiration from the world of sports.

Tip #1: Learn the rules of the game.
Just like an athlete learns the playbook, you need to learn the rules for any situation you find yourself in. These rules differ widely across cultures. Take small talk, for example. In many cultures and especially those with more formal rules for communication and a strong emphasis on social hierarchy it’s taboo to make casual conversation with your boss. The same goes for performance feedback. In Germany, people are used to direct and concise feedback, without the positive ego-stroking that Americans find to be a critical part of the process. Think of notoriously direct New England Patriots coach Bill Belichick telling one of his receivers point-blank that he ran the wrong route during a playoff game. That’s how a German boss might provide feedback and how employees expect it but it’s very different from what Americans are used to in the workplace. So, Tip #1 is to learn the rules of the game. Continue reading Mastering The Sports Of Global Business

Project Management: How important is your executive sponsor?

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According to Mark Langley, President and chief executive of the Project Management Institute, the executive sponsor is extremely important. Having the right project champion in your corner is the difference between success and failure.

He says that the sponsor should have a thorough knowledge of the project, and how it is related to, and impacts on, the organisations’ strategy.

About 62% of projects have an actively engaged sponsor, but those that do are completed more successfully, according to the Project Management Institute’s 2015 Pulse of the Profession ® Study. This will mean they are more likely to meet their goals, complete on time, and within budget.

As one survey respondent said “To be a really good executive sponsor requires two sets of skills that are not always packaged in one person. You have to have the ability to micromanage, but not the tendency to micromanage.”

The role of the sponsor

Continue reading Project Management: How important is your executive sponsor?

President Buhari: Reasons Hard Times Await Nigeria

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Muhammadu Buhari, President of the Federal Republic of Nigeria

Nigeria, though rated the largest economy in Africa is contending with hard times.
Following the fall in global oil prices and the weakening currency which has been under devaluation pressure in recent times, economic experts foresee hard times for Nigerians and the possibility of devaluating the Naira.

Agence France-Presse (AFP) reports that dollar reserves stands at $28bn; $20bn less than in April 2013.

This development portends a looming downfall for Nigeria that is import-dependent for almost everything; from milk and machinery to petroleum products.

International Monetary Fund (IMF) projected Nigeria to have grown by 3.0% in 2015, its slowest pace in over a decade.

Nigeria, unlike Norway that invested hundreds of billions of dollars of its oil money into stocks, bonds and real estate, depends majorly on revenue from oil.

By the reality in the global oil market, the country is exposed to economy down turn as crude oil prices have slumped more than two-thirds since $100 per barrel in mid-2014.
AFP also noted that Nigeria is now in limbo, badly needing foreign investment but unable to get any. Continue reading President Buhari: Reasons Hard Times Await Nigeria

We Don’t need Oil To Develop — Nigeria VP Yemi Osinbajo

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The drop in oil prices not withstanding, Nigeria has everything it needs to build and sustain a vibrant economy, Vice President Yemi Osinbajo has said.

“This country has practically what it takes to run a solid economy that is not dependent on oil, but on business and commerce,” the Vice President said Monday during a meeting with a group of international investors looking to invest in the country in the light of the new administration.

According to Mr. Osinbajo, the President already directed that a conducive environment be created for business investments in the country, adding that work had already started with government looking at the different aspects involved.

The Vice President, alongside the Minister for Industry, Trade and Investment, Okey Enelamah, had held a meeting earlier Monday with the World Bank Ease of Doing Business Ranking Team, where issues were laid out and specific lines of action identified on how to improve the business climate in the country.

At the the interactive session with visiting global investors, drawn from companies such as Renaissance Capital, Russia-China Investment Fund, China Africa Development Fund, Invest Abu Dhabi, Actis, Emerging Capital Partners, ECP, KKR & Co. LP, Old Mutual of South Africa, among others, Vice President Osinbajo explained that working with state governments and the Buhari presidency would ensure that issues such as pre-investment approvals, and acquisition of land titles would be reformed to ease investment in the country. Continue reading We Don’t need Oil To Develop — Nigeria VP Yemi Osinbajo